Moscow, Russia | Xinhua | Russia is ready to deliver additional volumes of natural gas to the European Union in the autumn-winter period, President Vladimir Putin said Wednesday. One of the two branches of the Nord Stream 2 pipeline has survived the recent leak incident and Russia is willing to send …
Read More »Oil prices drop as OPEC cuts forecasts for demand growth
New York, U.S. | Xinhua | Oil prices fell on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) lowered its global oil demand growth estimates for both 2022 and 2023. The West Texas Intermediate for November delivery decreased 2.08 U.S. dollars, or 2.3 percent, to settle at 87.27 dollars …
Read More »Russia accuses Ukraine of organizing Crimean Bridge blast
Moscow, Russia | Xinhua | The Russian Federal Security Service (FSB) said on Wednesday that the Ukrainian military was responsible for a recent deadly explosion on the Crimean Bridge. “The organizer of the terrorist attack on the Crimean Bridge was the Main Intelligence Directorate of the Ukrainian Defense Ministry, its head …
Read More »Half of world’s poorest need urgent debt relief: UN Development Program
UN seeks help for developing world hit by rising debt costs United Nations | Xinhua | Fifty-four developing economies accounting for more than half of the world’s poorest people need urgent debt relief as a result of “cascading global crises,” the UN Development Program said Tuesday. It warned of the risks …
Read More »World must triple investment in renewable energy: UN report
Geneva, Switzerland | Xinhua | Global investments in renewable energy should be tripled by 2050, in order to put the world on the trajectory towards net zero emissions, according to the latest report released by the World Meteorological Organization (WMO) on Tuesday. The supply of electricity from clean energy sources must …
Read More »IMF downgrades 2023 global growth forecast to 2.7 pct
Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy …
Read More »Fears of fuel shortage growing in France as strikes at refineries continue
Paris, France | Xinhua | Strikes in France’s major refineries continued on Monday, leading to fuel-related panics in the country. The strikes at TotalEnergies and ExxonMobil refineries will extend to Tuesday, the General Confederation of Labour (CGT) said. According to the Ministry for Energy Transition, 29.4 percent of service stations …
Read More »Putin denounces Crimean Bridge explosion as terrorist act
Moscow, Russia | Xinhua | The explosion on the Crimean Bridge was no doubt a terrorist act aimed at destroying Russia’s critical civilian infrastructure, Russian President Vladimir Putin said Sunday. “Ukraine’s special services were the initiators, performers and masterminds,” Putin said when meeting with Chairman of the Russian Investigative Committee …
Read More »Strikes in France’s TotalEnergies, ExxonMobil refineries fuel panics
Paris, France | Xinhua | The strike continued in TotalEnergies and ExxonMobil refineries, the General Confederation of Labour (CGT) said on Saturday, leading to fuel-related panics in the country. According to the Ministry for Energy Transition, 20.7 percent of service stations were experiencing difficulties with at least one product on Saturday, compared to …
Read More »Putin orders intensified measures to protect Crimea-related facilities
Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Saturday to strengthen measures for protecting transport crossing through the Kerch Strait, the power grid connecting Crimea and the main gas pipeline to the peninsula. Putin authorized the Russian Federal Security Service to organize and coordinate measures to …
Read More »